As the real brexit is imminent. And market conditions are prompting for risk aversion to be kicked in. We entered short on GBPJPY @140.57, position is inching toward first target.
An opening gap on monday signals an upcoming shake. 1- Brexit in next few days 2- FED rate hike bets on more than 50%. 3- North Korea missile adventure ignite the situation further 4- Trump again orders traveling ban, but led by SC this time. 5- French Election 6- 3 central banks (FED, Boj, BOE) to issue policies next week after RBA.
all above events may trigger the risk-aversion. Yen will gain against basket of currencies in such conditions. Pairing an anti-risk currency with weaker OR vulnerable to risk is best to trade.
Thanks for excellent Technicals to give us a green light.
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